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July 2011

Vide Circular No. 37/2011, dated 7th June, 2011, the Ministry has mandated the following companies to financial statements in XBRL form only from the year 2010-11

By Sejal Vasa, Company Secretary
Reading Time 1 mins
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(1) All listed companies of India and their Indian subsidiaries

(2) All companies having a paid up capital of Rs. 5 cores and above

(3) All companies having a turnover of Rs.100 crores and above. Further all the above companies as above whose balance sheets are adopted at AGM’s held before 30-9-2011 are permitted to file up to 30-9-2011 without additional filing fees but those that hold the meeting in September 2011, will file within 30 days from date of adoption in the AGM.

For further information:

http://www.mca.gov.in/Ministry/pdf/Circular_37-2011 _07jun2011.pdf

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